A Law in Common: India and the United States
A democratic republic. A revolutionary constitution for its time and place. Nuclear weapons. Religious and cultural diversity. Centuries of oppression. Polarized politics. Terrorism. An aversion to China's ascent. Divisive leadership. Are you thinking of India or the United States? As the title suggests, the world's largest democracies have a lot in common. Using comparative law methods, we examine legal and policy issues that affect India and the United States. We interview experts on both countries on diverse topics such as caste discrimination, intellectual property, and bankruptcy. We hope each country can benefit by the laws and practices of each country. Hosted by Professor Sital Kalantry and numerous students at Cornell Law School and Seattle University Law School.
A Law in Common: India and the United States
Indian and American financial systems: the history and current framework
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Season 1
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Episode 7
Cornell Law School's Professor Dan Awrey and University of Michigan Law School's Vic Khanna join us to discuss financial markets (or as our guests call it, the broader financial system) in both countries. We discuss the history of financial markets in both countries, the need for a robust financial system, the current legal framework, the challenges facing both countries, and the systemic response to adverse shocks like COVID and demonetization.
This episode also includes Professor Awrey's brief comparison of the American, Canadian, and British driver's tests. You may guess which one he liked the best.
This is Part I of a two-part series on the financial system. Part II will be out next week!